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Below is a time-delayed excerpt from our live updates for members.
Updates 10:57 AM EST - Tuesday 7/7/20
Updates 10:42 AM EST - Tuesday 7/7/20
$VIX is rising back up.
Updates 10:32 AM EST - Tuesday 7/7/20
While $VIX is dropping some amount, $VXN (Nasdaq volatility index) is steadily rising. This is an important bearish divergence from $NDX rising, indicating that traders are nervous.
Additionally, market breadth shows a moderate net declining day for both NYSE and Nasdaq stocks. Again this is a bearish divergence, as more stocks are being sold then bought.
We consider $NDX $SPX rise into the orange resistance zone as Thrust5 formation (of Bounce8). We discussed this in our post at 12:45 AM today. Keep in mind that Thrust5 is really stretching it, so take advantage of it to book your profit.
Updates 9:55 AM EST - Tuesday 7/7/20
Market price actions are unfolding pretty much as we projected in our 12:45 AM updates.
Short Term: $VIX
Short Term: $NDX $SPX
Short Term: IWM TZA
Yesterday we posted a few entry zones for TZA throughout the day.
At 9:41AM we wrote:
At 12:45 PM we wrote:
Some members day traded TZA, but some used these entry points to build up the position. Congratulations!
If you are building TZA position today, look for.
Updates 9:13 AM EST - Tuesday 7/7/20
Short Term Trades
The indices are gapping down this morning pre-market, and $VIX is climbing up. We are not going to get the signal combination we were looking for as the ideal setup to enter short against $RUT IWM.
Here are updated signals to look for.
Updates 12:45 AM EST - Tuesday 7/7/20
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Here's a comment from one of our members who successful day traded using our signal at on Tuesday 7/7/20.
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